Based on repair progress, Rockies Express Pipeline (REX) said it is lifting a Tuesday force majeure effective for the evening cycle of Thursday’s gas day (March 3). The event affected most receipt points in the pipeline’s Zone 3 (see Daily GPI,March 2a;March 2b).
Markets
Articles from Markets
‘Bullish’ NatGas Storage Figures Greeted With A Yawn
Natural gas futures moved little Thursday morning after the Energy Information Administration (EIA) reported a storage withdrawal that was somewhat greater than what traders were expecting.
March 3, 2016
NatGas Cash, Futures Continue Slide as EIA Reports Relatively Stout Inventory Pull
Although most physical traders try to get their deals done before the release of Energy Information Administration (EIA) natural gas inventory data, it looked as though the cash market was dancing to the same tune as futures Thursday. Both lost about a nickel.
March 3, 2016
Weak Heating Load Expected; April Seen 4 Cents Lower
April natural gas is expected to open 4 cents lower Wednesday morning at $1.70 as traders digest extreme eastern warmth seen in near-term forecasts and heating degree days about half of normal. Overnight oil markets were mixed.
March 2, 2016
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In accordance with FERC Order No. 809, Intercontinental Exchange (ICE) intends to comply by making a number of changes, which will go into effect for trade date March 31.
March 2, 2016
Eastern Shippers Scramble to Avoid REX Shut-Ins; NatGas Futures Tumble
Next-day natgas gained ground in trading Wednesday as stout gains at eastern points to the tune of about 20 cents tugged the overall market higher. The Rockies and California advanced by about a nickel, but gains in the Gulf, Midcontinent, and Texas came in just a few pennies higher.
March 2, 2016
Weather Models Continue Moderation, Yet April Seen A Penny Higher
April natural gas is set to open a penny higher Tuesday morning at $1.72 as traders discount, for the moment, a market landscape heavily biased toward not only oversupply but potentially problematic inventory issues at the end of the injection season. Overnight oil markets were mixed.
March 1, 2016
Strong East Lifts Otherwise Flat NatGas Market; Futures Add 3 Cents
Physical natural gas for Wednesday delivery managed to work higher in Tuesday trading, led in large part by a strong eastern power market.
March 1, 2016
Overnight Weather Models Warmer; April Called 10 Cents Lower
April natural gas is expected to open 10 cents lower Monday morning at $1.69 as near-term weather models keep coming up with warmer solutions and indicate a sharp reduction in near-term heating requirements. Overnight oil markets were mixed.
February 29, 2016
NatGas Cash Wiggles Lower, But Futures Shed 8 Cents on Revised Weather
Strength at Eastern points in physical natural gas trading on Monday for Tuesday deliveries was unable to offset broader weakness at most market points. The mild weather forecasts just keep coming, and in overnight futures trading prices responded to updated weather forecasts and added a somber tone to both cash and futures prices.
February 29, 2016
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